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Chiyoda Ute Co Ltd Lowers Consolidated Full-year Forecast for FY 2013; Expects Extraordinary Losses for FY 2013

Thursday, 2 May 2013 02:10am EDT 

Chiyoda Ute Co Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 29,060 million to JPY 27,977 million, operating profit from JPY 1,059 million to JPY 418 million, ordinary profit from JPY 796 million to JPY 202 million, net profit (loss) from JPY 680 million to JPY (1,027 million) and earning (loss) per share from JPY 49.05 to JPY (73.58) for the fiscal year ended March 31, 2013. The Company lowered the consolidated full-year outlook due to decreased sales. The Company expects JPY 901 million extraordinary loss on impairment, JPY 10 million extraordinary loss on revaluation of affiliated companies, as well as JPY 14 million extraordinary loss on allowance for affiliated companies, for the fiscal year ended March 31, 2013. 

Company Quote

27 Mar 2015